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20130122
20130122
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English 23
Search Results 0 to 22 of about 23 (some duplicates have been removed)
FOX News
Jan 22, 2013 1:00am PST
're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i think at a minimum they have to tie it back to getting a budget at the senate, that begins the conversation. >> greta: it seems to me one of the large problems that small businesses have, correct me if i'm wrong, there's no certainty because congress and the president never make up their mind and they bring everything to the brink and pass something for three months. you don't no he what's going to happen with our tax structure or the debt ceiling. am i right? they don't sit down and make a decision that the lack of impact to make decisions in your business. >> one thing is a lack of certainty and the things we're certain of for small businesses, and hate to keep beating a dead horse, president obama is one of the job killers in america. and small businesses are going to do eve
CNBC
Jan 22, 2013 1:00pm EST
're going to have a vote to extend the debt ceiling. they say they will raise the $16.4 trillion cap enough to extend the debt ceiling to mid-may. on march 1st, you have the sequester, when the spending cuts will kick in. about $85 billion of cuts automatically to defense and domestic spending. the risk there is a drag to the gdp. on the 27th, current law on the government funding runs out that forces a drama over a continuing resolution, or you face the risk of a government shut down. on april 15th, that's the date by which the house would force congress to pass a budget or see their pay cut. the risk there, of course, is members of congress might have to go quite some time without a paycheck. tyler? >> thank you very much, eamonn. >>> the gop originally wanted to tie the debt limit raise to spending cuts. so are republicans backing down as some in their own party say or is it just a shift in tactics? scott garrett is back with us, a republican from new jersey and vice chair of the house budget committee. welcome back. great to see you again. >> good to be back with you. >> happy new year.
FOX Business
Jan 22, 2013 5:00pm EST
, melissa. melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares re, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. lori: all right. back to business in washington now republicans hold a big vote to whether or not to extend the debt limit until may. if congress doesn't pass a budget by april 15th they no longer get paid! i have no problem with th
CNBC
Jan 22, 2013 4:00am EST
and texas instruments. house leaders are expected to vote tomorrow to extend the debt ceiling deadline until may 19th. the gop measure doesn't specify an amount, but would lead let the government borrow what it needs to meet its obligation for that period. the strategy shift was agreed to last week and would let republicans focus on other fiscal fights in march such as ook automatic spending cuts delayed by the deal and the potential resolution. julian callow is still with us. julian, do you take this news as a positive development for markets or are you concerned about still the prospect of a government shutdown as others are calling for once we hit some of those further deadlines? >> yeah. i think that is quite positive, really. it shows that there is some desire not to up the vote too much on the side of the house. republicans at this stage. i think it's actually very important if we think about what it means for both financial markets and for the u.s. economy. obviously, financial market conditions have improved noticeably. there's less uncertainty around. that should come through in ter
FOX Business
Jan 22, 2013 4:00pm EST
, we'll get that vote tomorrow in the house to extend the debt ceiling to the middle of may. when it comes to a longer term debt solution, longer-term debt ceiling solution and when it comes to taxes and spending the parties are far apart as they always been a day of a the president's inauguration and one which both parties have a very different take on the president's address. >> people can criticize president obama about a lot of things but not his ability to communicate and i think he communicated to the american people a message of hope, a message of action, and i liked it very much. i, we should move past the name-calling phase. >> one thing was pretty clear from the president's speech yesterday. the era of liberal system back and unabashedly far left of center inauguration speech. certainly brings back memories of the democratic party of ages past. if the president pursues that kind of agenda, obviously it is not designed to bring us together. >> house speaker john boehner is meeting with the house republican conference right now. according to a source in the room boehner is
CNBC
Jan 22, 2013 4:00pm EST
. house republicans are going to take up a bill tomorrow afternoon to extend the debt ceiling, not just to april 15, but to may 18. they are going to do it with a mechanism that would allow them in effect to suspend the debt ceiling, not even to raise it making it easier for conservatives to vote for it and senate democrats say they plan to take up that proposal and expect to pass it by an overwhelming margin sometime within the next week or so. now, jay carney at the white house today for his part said we wouldn't a longer term extension than that but the president is not going to block this if it clears the congress. here's jay carney. >> the bill still has to overcome some concern expressed by mums of the house and senate before it can pass both chambers and reach the president's desk. if it does and reaches the president's desk he would not stand in the way of the bill becoming law. >> the bottom line, of course, is that having broken the link between specific spending cuts and specific dollar increase in the debt ceiling it becomes easier for congress to shift the fight over spendi
FOX Business
Jan 22, 2013 11:00am EST
their lives around. rich: the house tomorrow will vote to extend the debt ceiling to may 19, as long as the senate and house both pass a budget. if not, this bill prescribes that it gets held back is not. dagen: thank you. president obama mentioned just about everything from gun control to climate change in his inaugural address. one thing was almost missing, though. jobs. joining us with more is steve moore. he laid out his agenda, a whole host of things. why not focus on jobs. does he think that this recovery is so on track that jobless rate will continue to fall, steve? >> i was struck by that also. in the whole speech, he did not talk about jobs. he did not talk about private business and entrepreneurs. it was a very pro-government speech. the president has a big challenge ahead. we still have a near 8% unemployment rate in this country, chipolte, over the last four years of this suppose it recovery. i do not think he mentioned the word jobs in that entire speech. dagen: three times. we did a quick count. >> i stand corrected. dagen: if you go through the list of things that he c
MSNBC
Jan 22, 2013 10:00am PST
, the most immediate problem, tomorrow the house is voting on this extended debt ceiling and this is to avoid a confrontation in the short-term, but the large ers issues remain. >> that was quite a performance saying don't go there. i got this one, and they backed away. that has been lost in the excitement over the last couple of days. it just gets kicked down the road, and can you tell from his speech yesterday that he has -- the democratic coalition is in no mood to give an inch on spending, and it remains the big problem whether you really, democrat or republican, on the budget because it was unaddressed in the last round. you can tell the republicans want to get at it. if that was a sign of compromise yesterday, it was the shortest one sentence sign that i have ever seen. so a fight is come. >> a fight is coming, and we all know that you can not do it without dealing with the main entitlements. there is no way -- >> well, that's exactly right. >> there is no way at this stage without -- >> dealing with that. in that speech he made it very clear where he said -- >> he is not going anywhere
WETA
Jan 22, 2013 6:30pm EST
in the debt ceiling that's been proposed by house republicans. the move to extend the nation's borrowing limit for three months is set to come to a vote tomorrow. and that news has reassured markets that the risk is fading that the u.s. will default on its debt for the first time in its history. darren gersh reports. >> reporter: house speaker john boehner said republicans were willing to suspend the debt ceiling for three months. sending democrats to act. >> it has been nearly four years since the senate has done a budget. most americans believe you don't do your job, you shouldn't get paid. that's the basis. no budget; no pay. it is time for the senate to act. >> reporter: the white house called the move by house republicans "significant," though the administration still argues a short-term extension of borrowing authority does not go far enough. >> what we support is a long- term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses or the global economy about the simple proposition that the united states always pays its bills. >> reporter: at a house hea
FOX Business
Jan 22, 2013 1:00pm EST
in the protracted fiscal negotiations including big vote tomorrow on the house to temporarily extend the debt ceiling now. many americans are wondering what legislators plan to do about jobs. joining us from both sides of the aisle, republican congressman trey gowdy from south carolina and democratic congresswoman jan schakowsky from illinois. congresswoman, i will talk to you first. there was no mention of jobs. it was a very liberal speech, i guess a lot of people hoping president obama would come to the center going forward, and we didn't really hear that from him. >> well, actually i think that president obama's very much in the center of where the american people are at in order to protect social security and medicare and medicaid. to deal with climate change. think it is the republican party, if they don't like it, it is because they're so far out of the, out of the center. these are very popular positions that he has espoused. tracy: you know, the center, representative gowdy, is really mad about taxes. taxes go up on the wealthy. we're hearing more and more our taxes are going up on t
FOX
Jan 22, 2013 5:00am PST
: they are attending a usual church service but for congress it is time to get back to work increasing the debt ceiling as their main priority and house leaders just unveiled legislation yesterday to extend through the middle of may. without that move, the u.s. could default for the first time ever and the current debt limit is $16 trillion and they do not set a specific limit. they are now shifting gears and they can pressure senate democrats to pass a budget for after four years of failing to do so. they also included provision which says if there is no deal by april 15th, lawmakers do not get paid. but senate has not passed one since 2009 and now the gop feels they have americans on its side. >> americans get it, federal overspending is actually dragging our economy down rather than lifting our families up. >> what they are saying when i see you next, kyla campbell ktvu channel 2 morning news. >>> and you can watch more of president barack obama's inauguration including beyonce say saning the national and them. >>> the man has been identified. police are not exposing his name but he exposed himself
CSPAN
Jan 22, 2013 12:00pm EST
at a point of such indebtedness that it is equally as irresponsible to extend the debt ceiling without significant reductions in federal spending. i voted against an increase to the debt limit two years ago and intend to vote against another increase unless we substantially change the way that government does business by reducing federal spending. in addition to it being alleged that it's irresponsible not to raise the debt ceiling, sometimes it's suggested that it's not compassionate to not spend money. where is the compassion in spending money that we don't have that's being borrowed and will have to be repaid by future generations of americans, kids and grandkids? our country is facing enormous fiscal challenges that if left unchecked will have a disastrous impact on the future of our nation. the simple truth is that government is spending more than it's taking in, and this pattern must not, cannot in fact continue. during the last two years alone the government has spent more than $7.3 trillion and increased the nation's debt by more than $3.2 trillion. we didn't get into this situ
MSNBC
Jan 22, 2013 3:00am PST
, they're going to introduce their bill, vote on their bill to extend the debt ceiling for three months, give themselves a little running room, but this is a president who is going to be aggressive about his agenda. he didn't just talk over republicans, he went right after them, talking about takers, s saying that's not what social security and medicare are, a jab not only at mitt romney but paul ryan, who he will be dealing with. >> when you have a guy who has bullied you in the schoolyard for four years and you finally fight the bully and you beat them like he just did in this election, you're not as afraid of the bully as you was or at least cautious. i think they bullied this president. he went to the mat and re-elected with a wider margin than george bush and saying the bullying is over. we're either going to fight or work together. >> the problem is both sides feel like they were bullied over the past four years and they've got to figure out how to work together over the next four years. i want to talk about yesterday with you quickly and open it up. it struck me as a son of the s
CNBC
Jan 22, 2013 6:00am EST
ellen kullman will join us first on cnbc. >>> house republicans seeking to extend the debt ceiling and fight another day. >> better luck next time. oh, sure you can't win them all, you know. >> if the bill passes march 1st becomes the new deadline to watch. that's when drastic spending cuts are set to kick in automatically, unless a debt agreement is reached. we'll ask the ceo of cowan and company if the delay would help or hurt the market? the third hour of "squawk box" begins right now. >> welcome back to "squawk box" here on cnbc first in business worldwide. i'm joe kernen along with becky quick. andrew ross sorkin is on assignment in, i think it's davos. isn't it? >> davos is how they say it. we say davos. >> they say davos? oh, never mind. he's in davos. he will join us tomorrow with the latest from the world economic forum when becky goes over there she gets stockholm syndrome so badly. >> that's why you won't let me go anymore. >> and sorkin is already basically a socialist, so being over in europe, he's going to end up, who knows, maybe he will actually be, could it be -- i
CNN
Jan 22, 2013 1:00pm PST
they were going to extend the debt ceiling for at least another three months right now without a big fight, they thought they were making gestures that the president would respond to. they were surprised that he gave this kind of rather liberal speech with his agenda for a second term yesterday. >> eight big question is, what happens next. it's a big speech. it lays out big markers. the base, whether it's a democrat in congress or grassroots movement, they were thrilled with the speech, the progressive movement was really happen. the republicans were disappointed. you see that sign behind john boehner, no budget, no pay. there's a chance to still do some business here but the signals have republicanis thinking wait a minute. you remember the pressure from tea partiers and others it's hard to begin with. if they think the president is going to for everything they give him and ask for more, if he's not going to push for more cuts but demand republicans do more, that's the mistrust that's been magnified because of that speech. >> i think the news conference outside of houston, the harris coun
CSPAN
Jan 22, 2013 5:00pm EST
that will temporaryly extend the debt ceiling so that we can see the senate actually begin to do its job. for several years now, i think it's about four, the senate has not passed a budget. and all we're saying is, if the president and the senate -- if this country needs to incur more debt, senate, please show us your plan to repay that debt. please show us your plan to control spending. it's about time that we come together, do our work, the american people expect no less. that's why we'll insist on the house, no budget, no pay going forward. >> one thing every household looks at is how to spend their money. when you look at the crisis that you're in, the first thing you look to is where should i spend or even invest to make myself in a better place. the first fundamental responsibility of any elected official is to pass a budget. now when we took over in the house in four months, we passed the budget, many of you have said, was one of the toughest ones to come out of the house. higher vote than at any other time in the last decade. democrats said we are going to do political damage to you in the el
CNN
Jan 22, 2013 6:00am PST
, but you know, with the debt ceiling, i think republicans were actually trying to extend an olive branch and found themselves rebuffed yesterday. if we had said pick the most controversial, divisive issues in the country right now, they are the issues that president obama chose to speak of yesterday. he's got a state of the union coming up in a couple of weeks. i would have expected that that would be a place where he laid out his agenda, his priorities, his specifics but i didn't expect it in yesterday's inaugural, but again, it's his speech, his party, can he cry if he wants to. >> anna navarro and maria cardona, thank you. >>> a commuter takes a terrifying fall onto the tracks, ooh! we'll tell you what happened next. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. >>> 40 minutes past the hour. checking our top stories, look closely at this video
NBC
Jan 22, 2013 7:00am PST
to extend that debt ceiling deadline until may 19th. elsewhere, earnings reports will likely influence trades today. dupont, johnson & johnson, and ibm all report today. natalie? >> courtney regan at the new tock exchange, thank you. >>> the u.s. education department says it takes more than the standard four years for more than 20% of students to ini finish and get their deemployee mas. they credit the rise in graduation rate for the stiff competition for limited jobs. >>> an analysis of marrs' mclaughlin crater has scientists investigating new evidence that there was water on the red planet. using data from the mars reconnaissance orbiter, it may once have been a lake fed by an underground water supply. the findings are published in "nature geo science" and may push the search for ancient life on mars underground. >>> off-duty police officer in madrid is being credited as a hero this morning after rescuing a woman who fainted and fell on the city's subway tracks. the officer leaped into action and pulled the 52-year-old woman to safety. an oncoming train saw the trouble on the tracks
CNBC
Jan 22, 2013 9:00am EST
on the debt ceiling increase. but there is no guarantee that they're going to extend similar cooperation on other parts of the agenda. we have to see whether or not partisan warfare actually escalates later in the year or whether we have turned a corner and the president has found a different way of dealing with republicans that's more effective. >> fascinating weekend, john. i think we have some live pictures this morning of the president going to the national prayer breakfast in washington. the president and the first lady at the national cathedral. i think in the motorcade also spotted valerie jarrett, jack lew and some others as well. thanks, john. >>> meanwhile, what's coming up tonight on "fast?" >> we'll talk about the natural gas and how it can be converted to other things. and there will be the first nat gas to diesel plant and what that can mean in future. >> you're fired up into. a lot of news. >> i am. >> have a good day. >>> in the meantime, here's what you missed earlier on this morning. >> welcome to hour three of "squawk on the street." here's what's happening so far. >>
FOX
Jan 22, 2013 7:00am PST
limit. >> reporter: they plan to debate that today and vote tomorrow. the debt ceiling is currently set at $16.4 trillion and the treasury department says we could hit that in just three weeks. house republican leadership proposes extending the debt limit through mid-may to avoid missing any payments. so far, several senate democrats and the white house approve that plan but it's another short-term fix. california congressman mike honda does not want congress in charge of setting the debt limit. they just introduced a bill that could -- that would allow the treasury to pay off the debts unless there's something introduced to stop it. >> i think we should have a progress that addresses that so it doesn't become a barrier or a political football. >> reporter: the country has never defaulted on payments but even debating the debt ceiling could have a negative impact on the economy. kyla campbell, ktvu channel 2 news. >>> let's get you updated on some of the top stories we're following right now. flights from san jose to tokyo are canceled again today after airlines were forced to ground hu
CSPAN
Jan 22, 2013 10:00am EST
's on the debt ceiling? guest: the debt ceiling is set to expire $6.4 trillion. we need to raise the nation's are one limits. republicans do not like that idea without having spending cuts. they have come up with a plan to extend it for a few months until may. if the democrats in the senate have not reduce a budget with spending cuts, they will set aside the pay of members of congress. it is a tricky maneuver on their part. their goal is to get senate democrats to pass this. the senate has been unable to pass a budget for the past four years. it will be a days off between the parties over the debt limit. we will get a good look at that legislation. host: senate democrats said they will pats a budget. guest: it may not include the spending cuts republicans are looking or. host: larry, san diego, democratic caller. caller: i disagree with your host that after 18 months or two years obama will no longer be effect it. -- effective. when that the house. he may be able to do more in his last two years and his last four years. guest: if the democrats can take back the house and picked up some seat
Search Results 0 to 22 of about 23 (some duplicates have been removed)